Shinhan Financial Group Terminates 500 Billion Won Share Buyback Trust, Transfers 1.1% Treasury Shares to Corporate Account
Shinhan Financial Group terminated its treasury stock acquisition trust agreement with NH Investment & Securities on July 10, 2026. The 5,204,122 common shares acquired through the trust were transferred to the company's corporate account, becoming directly held treasury shares.
The trust amount was 500 billion won, with actual acquisition cost of approximately 499.9 billion won. A slight shortfall occurred due to price gaps.
The acquired treasury shares represent 1.1% of total outstanding shares. No separate cancellation plan has been announced yet.
[AI Summary]Shinhan Financial Group completed a 500 billion won share buyback but holds the shares as treasury without cancellation, limiting EPS improvement. Future cancellation or usage plans could further impact the stock price.